Vietnam Issues Draft Amendments on Export, Import Tariffs
Vietnam "completed" its draft amendments to various export and import tariffs, which includes a change to the “regulations on preferential import tax rates for raw materials, supplies and components to manufacture” goods for the auto industry, Vietnam Customs' mouthpiece CustomsNews…
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said in an Aug. 22 report. The regulations include a zero percent “preferential import tax rate” for “domestic raw materials, supplies and components that have not yet been produced in the period of 2019-2023,” the report said. The report also clarifies how companies can qualify for the lowered import tax rate.